Aluminium Aluminium prices continue to test underlying support after the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts...Read More
SHANGHAI, Mar 20 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Tuesday March 20, while Jinchuan traded at a premium at 0-100 yuan/mt, SMM learned.Jinchuan offered nickel plate at 101,700 yuan/mt.As nickel futures traded rangebound earlier in the morning, traders made offers actively due to am...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 220-190 yuan/mt on the morning of Tuesday March 20, SMM learned. This compared with discounts of 260-220 yuan/mt on the previous day's morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?The zinc market in Tianjin saw more transactions on Tuesday March 20 as many local galvanising plants resume operations gradually after a round of environmental inspection was completed, SMM learned. The 0# common brand zinc traded at a discount of 50 yuan/mt to a premium of 20 yuan/mt against the SHFE 1804 contract, and at 50 yuan/mt higher than th...Read More
Unable to break back above $7,000...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018-low. The three-month copper price closed 1.4% lower and hit a low of $6,730 per tonne earlier in the day - the lowest since December 14, 2017. "This comes amid broad-based downward pressure across the industrial metals, chiefly owing to a weaker global risk appetite...Read More
SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More
SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More
SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More
Dragged down further by broad...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
The Turkish scrap import market continued to be quiet on Tuesday March 20, on the absence of fresh deep-sea trading.Turkish steel producers stepped back from deep-sea scrap purchases on March 9, following the Section 232 announcement in the United States that applied a 25% duty to imports of steel products.The demand for rebar exports has gone down sharply since that announcement and the Turkish m...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
Global stainless output rose revised 5.8% in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. Some flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand in the UAE was strong, sources told Metal Bulletin on Tuesday March 20. UAE Hot-rolled coil was being offered to the UAE at $6...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More
Intense selling pressure Tin came under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
Prices stabilize as volatility continues LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 20. Base metals prices on the London Metal Exchange were mostly lower again during morning trading on Tuesday March 20, with nickel the sole metal in positive territory.The three-month nickel price recovered $70 this morning to recoup some of Monday's...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More